CADUSD=X vs. USO
CADUSD=X (CAD/USD) is a currency, while USO (United States Oil Fund LP) is Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Over the past 10 years, CADUSD=X returned -0.74%/yr vs 4.47%/yr for USO. Their 0.12 correlation means their historical movements had little consistent relationship.
Performance
CADUSD=X vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, CADUSD=X achieves a -2.35% return, which is significantly lower than USO's 76.58% return. Over the past 10 years, CADUSD=X has underperformed USO with an annualized return of -0.74%, while USO has yielded a comparatively higher 4.47% annualized return.
CADUSD=X
- 1D
- -0.09%
- 1M
- 1.19%
- 6M
- -2.77%
- YTD
- -2.35%
- 1Y
- -1.19%
- 3Y*
- -1.63%
- 5Y*
- -2.22%
- 10Y*
- -0.74%
- ALL TIME*
- -0.11%
USO
- 1D
- -5.46%
- 1M
- 17.45%
- 6M
- 62.11%
- YTD
- 76.58%
- 1Y
- 57.66%
- 3Y*
- 18.29%
- 5Y*
- 20.94%
- 10Y*
- 4.47%
- ALL TIME*
- -7.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CADUSD=X CAD/USD | $0.00 | $0.00 | $0.00 |
| $981.29M | $906.75M | $905.81M |
CADUSD=X vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CADUSD=X CAD/USD | -2.35% | 4.78% | -7.81% | 2.44% | -5.96% | 0.05% | 2.43% | 4.30% | -7.76% | 7.26% |
USO United States Oil Fund LP | 76.58% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Correlation
The correlation between CADUSD=X and USO is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2006 | 0.12 |
The correlation between CADUSD=X and USO shifts across timeframes, from -0.01 (3 years) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CADUSD=X vs. USO — Risk / Return Rank
CADUSD=X
USO
CADUSD=X vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CAD/USD (CADUSD=X) and United States Oil Fund LP (USO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CADUSD=X | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.23 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.78 | -2.01 |
| Martin ratioReturn relative to average drawdown | -0.51 | 5.23 | -5.75 |
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Drawdowns
CADUSD=X vs. USO - Drawdown Comparison
The maximum CADUSD=X drawdown since its inception was -37.58%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for CADUSD=X and USO.
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Drawdown Indicators
| CADUSD=X | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.58% | -98.19% | +60.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -32.49% | +27.27% |
Max Drawdown (3Y)Largest decline over 3 years | -10.34% | -32.49% | +22.15% |
Max Drawdown (5Y)Largest decline over 5 years | -16.26% | -36.23% | +19.97% |
Max Drawdown (10Y)Largest decline over 10 years | -18.20% | -86.75% | +68.55% |
Current DrawdownCurrent decline from peak | -34.49% | -87.01% | +52.52% |
Average DrawdownAverage peak-to-trough decline | -19.75% | -75.38% | +55.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 11.24% | -8.97% |
Volatility
CADUSD=X vs. USO - Volatility Comparison
The current volatility for CAD/USD (CADUSD=X) is 1.09%, while United States Oil Fund LP (USO) has a volatility of 18.95%. This indicates that CADUSD=X experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CADUSD=X | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 18.95% | -17.86% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 43.21% | -40.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 47.21% | -43.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 37.13% | -31.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.65% | 39.32% | -32.67% |
Frequently Asked Questions
CADUSD=X and USO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USO has higher volatility (18.95%) compared to CADUSD=X (1.09%). In terms of maximum drawdown, CADUSD=X dropped -37.58% vs USO's -98.19%.
USO currently has the higher Sharpe Ratio (1.23 vs -0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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